US Dollar/Chinese Yuan
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Rebound soon for USDCNH

109
IF you had shorted this pair from 7.10 onwards, it is high time to take some good profits and enjoy. Probably, it has a last leg left if the selling continues to 6.60 before we see a rebound.

Nota
6.67548 support is now broken.
Nota
and the rebound happens.
Nota
we are reaching a crucial support level now. Let's see this week if the rebound will take place
Nota
This is not good as it has breached the support at 6.60. If it continues next week, it would accelerate further to 6.40
Nota
wow, we are now reaching 6.40 soon and who knows if it would plunge further to the 6.20 level before a rebound is possible.

Penafian

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